Everything is coming down. Just a matter of by how much. Peak pricing has been reached and that’s not debatable. That being said, I don’t think we see pre Covid type depreciation.
Huracan pricing bubble
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I'm sure we will eventually get back to normal depreciation on vehicles, but I have no idea how long that could take, since there are many factors that could affect it. It's apparent that automakers are definitely still struggling with supply chain issues, and unfortunately that won't ease up until well after things in Ukraine end. Then again, we are teetering on the edge of a repeat of 2008, the Chinese economy is at a breaking point, and the EU is about to experience a massive amount of pain this winter, so who know what could happen.
Another auction to monitor-
bringatrailer.com
Concluded auction -
bringatrailer.com
2017 Lamborghini Huracan LP580-2 Spyder
Bid for the chance to own a 2017 Lamborghini Huracan LP580-2 Spyder at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #84,274.
bringatrailer.com
Concluded auction -
2020 Lamborghini Huracan Evo Spyder
Bid for the chance to own a 2020 Lamborghini Huracan Evo Spyder at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #83,634.
bringatrailer.com
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Reserve not met at nearly $30k less than the cheapest comparable car for sale online. 🥶Concluded auction -
2020 Lamborghini Huracan Evo Spyder
Bid for the chance to own a 2020 Lamborghini Huracan Evo Spyder at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #83,634.
Suppose it's not terribly surprising, after seeing this car last month fail to meet reserve at $31k less than the cheapest comparable online listing.
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2019 Lamborghini Huracan LP580-2 Coupe - ~4,100 Miles, 1 Owner, Grigio Telesto, V10 Power, RWD
This 2019 Lamborghini Huracan LP580-2 Coupe is for sale on Cars & Bids! Auction ends August 17 2022.
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This one is basically identical to the one I recently inquired about from a dealer in AZ. This auction mileage is higher by a few hundred miles, otherwise same spec. Dealer SA said it went for 249,100. Let’s see what this one goes for.Another auction to monitor-
2017 Lamborghini Huracan LP580-2 Spyder
Bid for the chance to own a 2017 Lamborghini Huracan LP580-2 Spyder at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #84,274.
I’ll set the over/under at $220,500…..
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Re. the blue spyder, it seems like some buyers were turned off because of the chip on the windshield and the rattling issues which was supposedly fixed by adjusting the tire pressure. Something seems off about this car.Another auction to monitor-
2017 Lamborghini Huracan LP580-2 Spyder
Bid for the chance to own a 2017 Lamborghini Huracan LP580-2 Spyder at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #84,274.
Concluded auction -
2020 Lamborghini Huracan Evo Spyder
Bid for the chance to own a 2020 Lamborghini Huracan Evo Spyder at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #83,634.
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Thats true but Spiders are sold out and way above MSRP here in GER (250…300k€ / US$).
I believe many of the cars offered at present originate from speculators that seek to cash in now. Which has become difficult.
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Wish I had historic dates from 2019/2020 too in the graph to really see the changes...
Let’s see how this green one does…..
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The energy crisis in Europe may force Lamborghini to cut or delay some production, brace yourself.
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If there’s anything we’ve learned, markets don’t react the way they’re supposed to 😂. Great, I’m now bullish and my(the one I want) Huracan is going from 250 to 280k
The only thing people should brace for is the bottom falling out.
For reference- 143 Evos on cars.com
A staggering 34.96% (50) have had recent price reductions.
Additionally, almost 14% of them are under 300k with the cheapest at 266k with no history.
It’s still September and it was 103* in Newport Beach today, winter is coming… and it will be long for 2-3 year old vehicles.
For reference- 143 Evos on cars.com
A staggering 34.96% (50) have had recent price reductions.
Additionally, almost 14% of them are under 300k with the cheapest at 266k with no history.
It’s still September and it was 103* in Newport Beach today, winter is coming… and it will be long for 2-3 year old vehicles.
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While I would typically agree with you, the outlier here is that customers can’t go buy new. So any demand will shift to used cars. Not saying the prices won’t drop, but I don’t see bottom falling out.
I agree with @Jr Mint. Even though I’m bearish, there is no “bottom falling out” due to what he said about new cars. I believe new cars will continue to trade in the secondary market at a premium as long as they’re sold out and can’t be ordered. Perhaps not the 30% premium they are asking for now, but maybe down to 15-25%. However, I see the Evo and current Urus going to sticker or so since they will not be the current model. It’s still damn good for a 1-2yo car, one generation behind and still retailing at sticker! Right now, you see Urus prices dumping…..especially 2021s and 2022s….it will hit the Evo too. This is a nice Urus that’s been getting some hefty price cuts -
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I don’t know the percentage of Lamborghinis financed/leased vs owned outright, although most carfax I’ve seen show lease or loans. With woodside quoting 6.99+% and some others out there around 4% (CU’s) when rates were 1-3% 8 months ago. That removes buying power for many and does force pricing down, just as it does with mortgages.
And Americans here understand that most Americans have very little savings, even the ones we perceive as having wealth. That leads to lack of down payments for the TikTok, IG, and YouTube “influencers” who gobble these up for likes.
then there’s the aspect of an economic downturn. If it happens, we always see wealthy people heading to jail for shady stuff they were doing during the run-up, or they jump off buildings. Then the government is seizing assets and liquidating them or spouses are liquidating to payoff all these debts they never knew about. Cars usually fall into that liquidation pretty quickly, as do yachts and houses.
My guess is only as good as the next person’s.
And Americans here understand that most Americans have very little savings, even the ones we perceive as having wealth. That leads to lack of down payments for the TikTok, IG, and YouTube “influencers” who gobble these up for likes.
then there’s the aspect of an economic downturn. If it happens, we always see wealthy people heading to jail for shady stuff they were doing during the run-up, or they jump off buildings. Then the government is seizing assets and liquidating them or spouses are liquidating to payoff all these debts they never knew about. Cars usually fall into that liquidation pretty quickly, as do yachts and houses.
My guess is only as good as the next person’s.
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5,496 Posts
It's expected
The real test will be the U Perf and the Tecnica and what they'll be selling for. I still suspect both cars will have a hefty premium seeing how limited they are and basically the last of the NA and non-hybrid models.
I don't know if I would consider a purple U with white interior and green calipers "nice" but to each their own. And it's expected to see U and E prices drop because they're outgoing models.
The real test will be the U Perf and the Tecnica and what they'll be selling for. I still suspect both cars will have a hefty premium seeing how limited they are and basically the last of the NA and non-hybrid models.
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